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Deficit-Cut Salesmen Hit the Road

By

Damian Paletta

Updated March 8, 2011 12:01 a.m. ET

RICHMOND, Va.—A bipartisan group of senators is close to proposing legislation they hope will force Congress to tackle the federal government's ballooning debt, and they have begun a road show to win public support.

The proposal would cut the federal budget deficit by $4 trillion over 10 years, roughly four times the savings the White House proposed in February, Sens. Mark Warner (D., Va.) and Saxby Chambliss (R., Ga.) told about 200 business leaders at a meeting in Richmond.